Class Action Filed Against Zilog, Inc. Alleging Fraud.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 26, 1998--A class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax was filed in the U.S. District Court for the Northern District of California on behalf of purchasers of Zilog, Inc. ("Zilog") common stock between June 30, 1997 and November 20, 1997 (the "Class Period"). Zilog is a worldwide integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for company that designs, develops, manufactures and markets application specific standard products for the consumer electronics, data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and computer peripherals markets. On July 21, 1997, Zilog signed a definitive merger agreement with the Texas Pacific Group. Under the terms of the agreement, the owner of each outstanding share of Zilog common stock could elect to receive $25.00 in cash. On November 20, 1997 Zilog shocked the market by announcing that the merger agreement had been renegotiated and that the owner of each outstanding share of Zilog common stock now could expect to receive only $20.00 in cash. The defendants include Zilog and certain of its officers and directors. The Complaint charges that defendants violated vi·o·late tr.v. vi·o·lat·ed, vi·o·lat·ing, vi·o·lates 1. To break or disregard (a law or promise, for example). 2. To assault (a person) sexually. 3. Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things, issuing false misleading statements regarding the merger agreement, Zilog's financial condition, as well as its present and future business prospects. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
n. 1. A supporting timber or other prop in a mine. 2. A platform braced against the sides of a working area in a mine. , Stull & Brody and Weiss & Yourman who have significant experience and expertise in prosecuting class actions on behalf of investors and shareholders. If you are a member of the class described above, you may, no later than sixty days from the date of this notice, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice, or your rights or interests with respect to this matter, please contact plaintiff's counsel, Michael Braun of Stull, Stull & Brody toll free at 888-388-4605 or via e-mail at BraunatSSB@aol.com. CONTACT: Stull, Stull & Brody Michael Braun, 888/388-4605 Email: BraunatSSB@aol.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion